Newspapers / The Perquimans Weekly (Hertford, … / April 1, 1938, edition 1 / Page 6
Part of The Perquimans Weekly (Hertford, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
page six -THE PERQUIMANS WEEKLY. ESnirORpr. N. C FRIDAY, APRIL 1, 1938 loo;::gatvisc;sto;i By Hugo S. Sims, Washington Correspondent '. HUGO a, SIMS, Washington Correspondent Deficit Cut of Billion. Ig falcated As Tax Collections Surprise Treasury The Federal Government's budget is $1,000,000,000 nearer balanced in the fiscal Tear that ends June 30th than it was in the last fiscal year. During the first nine months of the present year about $700,000,000 was borrowed as compared to more wan $1,700,000,000 in the same period of the preceding year. Another encour aging factor in the fiscal affairs of the nation is the increased income tax payments by corporations and in dividuals in March, with receipts ex ceeding those of last March by $100,000,000. The increased revenue from taxes on income reflect iarger earnings by individuals and corporations during the year 1937. Even with the slump that occurred in the final three months of the last year, 1937 was a profitable year for business although business generally is in the midst of a defeatist psychology on account of present conditions. Experts attri- ouws pan oi uie increasea revenues 1 1 m 1 1 1 to legislation, closing loopnojes wnicn ciple8 guiding this nation in its rela heretof ore permitted large sumsto(tions th other powers. e insist eecape the Treasury. The tax on un- that "we are fully determined to uimnuuieu earning ox uvrpomuuns. ayoid the extreroeg either of inter undoubtedly forced dividends, which nationalism or of iRolationkm. It Increased individual income tax pay-! ments. I t The improved condition of the worth noting that he expressed devo--T-fcury is not due to reduced ex- tion to the cause of peace, the sanc- ttewfitK iinuBt soieiy w en- : lajgefi Teenues- For the first three - quartets -of he present fiscal year, ' expenditures totalled about the same as during the preceding year when they were almost exactly $5,500,000,- nno. The reader should note, how- ever, that tne wiai oi enuuu, - for the present year includes a large . . i . 111. wm TOu6".B o . aerve accounts, ine ireanury ubcu the money that came from payroll , taxes, paying the fund three per cent, interest, ana uie mnuum charged as an expenditure because of the debt created. In fact, however, nearly the entire $700,000,000 deficit of the Government is represented by the dollars borrowed from the old savings. Viewed in another light, the Gov- ernment, in nine months, has taKen in taxes almost as many dollars as it has distributed in expenditures. In other word3. for the first time m. nearly eight years, the Treasury op erations created no net "purchasing Dower." In view of the enormous sums pumped into the economic struc ture of the nation in recent years, the cessation of governmental priming is couragement of nations iawle88ly in generally considered a major factor cIined in the present recession. In the opin- ' ions of some officiate and many ex-j H, .. Qne objective of perts, the failure of pnvate business, Qur entire fofe , ag eg. to replace Government ; pending ( tablishment of durable peace" and made a recession inevitable and the . hat QUr mogt effective contribu. business slump will probably continue j .. . , . nroSBnt trtlrit. until the Government resumes its pump priming or business takes up the slack by capital investments. Early Solution of Railroad Problem Vital to Nation's Economic Recovery The plight of the railroads of the nation involves the welfare of banks: and insurance companies which havei invested heavily in the securities of the carriers. In fact, certain rail roads of the nation have seemed to be mere pawns in the financial mani pulations by which banks, brokers, attorneys and receivers have made huge sums. This, however, is hardly true of all carriers and the fact re mains that most of them carry in- superable financial burdens. That some solution of the problem is vital to the nation's economic welfare is generally realized but no easy man oeuvres will be effective. President Roosevelt recently ap pointed a "rescue committee" in an apparent effort to avoid anything like Government ownership or control at this time. However, it is gener ally recognized that the situation de mands an authority with power to force sweeping reorganization of the entire railroad industry. About five years ago, the railroads, in a state ment addressed "To the American People," pledged a reduction of com petitive waate. Somewhere along the line, something interferred with the results anticipated. The railroad crisis is to the pres ent recession what the banking crisis was to the nation in 1933. Unless something is done, officials fear that the business slump will be aggra vated. With widespread insolvency and other companies facing difficul ties, positive action is necessary of the industry, which employs a million men, represents a big slice of a i tional investment and looms large in our economic setup, is to survive. K The plight may be emphasized when . one realizes that three and a half billion dollars of the thirteen and a nan nuiion aouar-nrsx-uen rauroaa tbonds are now in default ' J The President ' is concerned about iV man who will lose jobs by reason ! cf economies effected. It is estimat- ' tliat enforced consolidations might save 1250,000,000 a "year,: but that about seventv cents of every dollar saved would be at the expense Conseouently, Mr. Roose- velt armies that the Government will have to take care of the men dis placed until they can get other work or new railroad Jobs through subse quent expansion and plant improve ments. Studies show that almost one-half of the roads lost money, last year, and that receiverships were op erating thirty per cent ox the na tion's direct mileage. Hull Says Nation Cannot Surrender Principles and Hope to Gain Peace The foreign policy of the United States is somewhat puzzling to Amer icans, as well as to foreigners. The sentiment for peace at any price, the fear of entangling alliances and the belief that it is possible for the United States to be isolated from the world clash with the growing senti ment that this nation is inevitably involved in the affairs of the world and that its prospects for peace will be enhanced by intelligent participa tion in world affairs. Secretarv of Stat rinrrfoll Hull r- " cently attempted to outline the prin is not possible to fully state the ar gument of the Secretary's seven- I thnilSAnH-wni-H aAiiraan Kut if. ia tity of treaty obligations, our deep concern over the rising tide of law lessness and the necessity for every nation to accept and observe the principles upon which international law and order are based. Mr Hh1, u natim to spect rf rf othm t0 ag sist in promoting, tne economic secur- jty and 8tability the world over. He declared that Government would foow -t ,. of affordin(r Drotec tion "by appropriate means and un der the rule of reason," to its na- I tionals and their rights and interests abroad. "To waive these rights in I the face of threats," he said, "would j encourage the disregard of law" and I "contribute to an inevitable spread of international anarchy." He backed adequate defonga program to do le88 would , P.amtrv nmn to unnrIict- 1 1 able hazards." He defended the ex change of information with govern ments facing common problems and maintained that for peace-seeking nations to remain completely aloof from each other would mean the en , conditions is to hava "this country respected throughout the world for integrity, justice, goodwill, strength and unswerving loyalty to princi pies." He opposed measures intend od to keep us out of war which were jnd practicability, To "withdraw precipitately from any part of the world in which vio 'tors of international decencies chose to assert themselves" would involve the surrender of fundamental princi ples which must be the basis of inter national order as opposed to inter national anarchy. Support. of theso principles are more fundamental, he declared, than the protection of citi- zens and trade investments in parti cular areas. The momentous question "is whether the doctrine of force shall become enthroned once more and bring in its wake, inexorably, inter national anarchy and a relapse into barbarism?" The alternative is for this and other peaceful nations to work unceasingly singly or in coop- eration with each other, as circum-1 stances, their traditional policies. practices and their enlightened self- interest may dictate to promote and preserve law and order, morality and justice as the. unshakable basis of civilized international relations." To turn our backs on the problems of the world Would mean an abject retreat before those forces which we have, throughout our, own national history, consistently opposed. -It would mean the menace of our secur ity "in proportion as other nations came to believe that either through fear or unwillingness, e did not in tend to afford protection to our legit imate national interests abroad, but; on the contrary, intended to abandon them at the first sign of "danger.? - This would mean the abandonment of economic, cultural, intellectual and other international relationships, the development of a self-contained exist ence, with less production of higher cost, lower living standards, regimen-: tatioa in every phase of life, , econom ic distress to Wage earners and farm ers, and. the dole on an ever-iiicre vi ing scale. . This would le tvs r it of an attempt to isolate ourselves to avoid war when reason and exper ience definitely point to a conclusion that fwe cannot withdraw from the world itself.'' : Old Chines Ttlm f to ailjthat the Chinese of tha preonrucian period were in the naou oi relieving the monotony of u ."7fwnot D7 .writing one an other's lives. - Glassificd and FoR JfUiNT UP-STAIRS APART- ment two rooms and kitchenette, convenient to bath.. Mrs. W. A, Arnold, Church Street , ' -r -Mar.25Lpr.i; PATENTS REASONABLE Terms. Books and advice free. L. F. Randolph, Registered Patent Lawyer, Dept. 899, Washington, D. C . Feb.llexMayl3pd. NOTICE OF SALE By virtue of a decree of the Su penor Court of Perquimans County entered in the name' of-F. M. Cope land and wife, Ibbie Copeland, et als, &x rarts, ue undersigned commis sioner will on Monday. Anril 25th. 1938, at iz o'clock JL. offer for sale to the highest bidder for cash at the Court House door in Hertford, N. C, the following described property in Perquimans County, North Carolina: First Tract: Being; in Hertford Township adjoining ; the lands of Warren J. Window and known as the Mill Pond, containing 6tt acres, more or less, and being ; the same tract conveyed to the late J. H. Cooeland by John G. Webb by deed recorded in Deed Book 7 at page 818, Perquim ans County Registry; Second Tract: Being in Belvidere Township, adjoining' the lands of Joshua Hurdle, Elisabeth W. Nichol son, Nathan Q. Ward, and the heirs of J. W. Layden, known as the Dar den Pine Thicket containing 4 acres, more or less, and being the same tract conveyed to the late J. H. Copeland by Wm. C Chappell by deed recorded in Deed Book 13 at page 254, Perquimans County Registry. This 25th day of March, 1938. H. G. WINSLOW, ; -' Commissioner. Apr.1,8,15,22 NOTICE OF ADMINISTRATION Having qualified a Administrators of the estate of Thomas Nixon, de ceased, late of Perquimans County, North Carolina, this is, to notify all persons having claims against 'the es tate of said deceased tt ixnibit them to the undersigned at Hertford, N. C, on or before the 7 day of March, 1939, or this notice will be pleaded in bar of their recovery. All persons indebted to said estate will please make immediate payment This 7 day of March, 1938. EDNA J. NIXON B. B. DAWSON,, Administrators of Thomas Nixon. Mar.11,18,25, Apr.1,8,15 NOTICE Sale of Valuable Real Estate ' By virtue of a Deed of Trust exe cuted to me by W. G. Wright, for certain purposes therein mentioned, which said Deed of Trust bears date of July 5th, 1929, and is registered in the office of the Register of Deeds in Perquimans County, in Book 17, on Page 280, I shall on Monday, April 25th, 1938, at 12 O'clock, noon, offer for sale to the highest bidder for cash, at the Court House door in Perquimans County, N. C, the lands conveyed to me in said Deed of Trust, as follows Tracts 1 and 2, being the same tracts of land that were " formerly conveyed to John Rose and Frank Skinner by. S. T. Shannonhouse and J. C. Blanchard and subsequently re conveyed to J. C. Blanchard by Trus tee ieea irom j. s. jncaiaer, lor iuii description of which see v Mortgage Book 9, Page 48, Register of Deeds' office, Perquimans County. - , Tract 8, being 10 acres of wood land. Same being one-half of ' 20 acres purchased by H. T. Shannon- house and J. C. Blanchard from John Smith. See Deed Book 11, page 885, and further conveyed to J. C Blanch ard by Annie H. Butler and W. T. Shannonhouse, representing the Es- See tate of H. T. Shannonhouse. Deed Book 15, Page 382... Dated and posted this March 25th, 1938. ?l ;i?--r.-T, W. WILSONTrustee. Mar.25pr.W5. . fffv .notice; OF SALE . v '.By virtue of the authority contain ed in that tertain deed of trust exe cuted on the 1st , day ' of ' January. 1926, by T. S. White and wife, Wattle T. White, and W. E. White and wife, Mattie L. White, to Southern Trust Company,' Trustee, , and recorded in the effice of thi Register of Deeds for Perquimans County,' N. C, ia Book 1, at page 88, default . having been made in- the conditions of said deed of trust, the undersigned Trus tee will, on the 16th day of April, 1938, at i 12 'O'clock,' noon, at .the Court House . door of I County, N. C offer for st' j auction to the highest t' 18 lc for cash, the following' desc.' erty: -, r- :' All those certain lan ' 181.4 acres, more or K on te Durants Neck r ' j f re l t' i T?wn r Parkville Township, Perquimans umnty, n ' C, and adjoining the lands of Thomas Nixon and the Per quintans River and others, and begin mng on the New Hope Road , at inomaa Nixon's corner: ' thence 83 deg. 80 ft along the road 1.508 feet- to corner,' thence - along?:: the canal, its various courses to a corner; thence S. 49 deg.; 40 ft W. 5,285 feet to the Perquimans River: thence alone the Perquimans. River, 1,63? xeei to xnomas Nixon's line; thence Nortli 50 deg. 80 ft E. 4,785 feet to the point of ; beginning Belnsr twrt oi ue Fleetwood Farm. and r being part oi the same lands conveyed to James L. Skinner by B. S. Skinner by wui and deed recorded in book of Wills F, page 521. and in deed book U. W MO. 444. ! : ,:.,' The above property will be. sold subject to all taxes now due and un paid. ,y A deposit of five per cent , of the amount bid will be required of the successful bidder at the hour of sale. This notice dated and posted this I4tn day of March, 1938. SOUTHERN LOAN ft INSURANCE CO, Trustee. " ' (Formerly Southern Trust Co.) By Worth A Horner, Attorneys, Elizabeth City, N. C. Mar6lpr.l,1844 NOTICE OF ADMINISTRATION Having qualified as Administratrix of the estate of Clarissa Reed, de ceased, late of Perquimans County, North Carolina, this is to notify all persons having claims against the es tate of said deceased to exhibit them to the undersigned at Hertford, N. on or before the 26th day of February, 1939, dr this notice will be pleaded in bar of their recovery; All persons indebted to said estate , will please make immediate payment This 26 day of February, 1938. VERA HALL, : Administratrix of Clarissa Reed. Mar.4,ll,18,25,Apr.l,8. NOTICE OF SALE By virtue of the authority contain ed in that certain deed of trust exe cuted on the 21st day of - December, 1934, by Alonzo Reid, to J. W. Ward, Trustee, and recorded in the office of the Register of Deeds for Perqui mans County, N. C, in M. D. Book 19, page 144, default having been made in the conditions of said deed of trust, and at the request of thei bolder of the note secured by said deed of trust, the undersigned trus tee will on the 9th day of ApriL 1938, at 12:00 O'clock Noon, at the court house door of Perquimans County, N. C, offer for sale at public auction a one-half undivided interest in the following described property First Tract: Bounded on the North by State Highway leading from Win- fall to Elizabeth City: on the east by lands of Chas. Johnson; on the south and west by lands of T. J. Nixon estate, containing one acre, more or less, and being known as FLOUERS.;.. i I ! J i'i 'S, 'V.-' ? ; I X f$m: - -m ,. V: vv.Jr- i i ;" : - -v i ; ;.i...' . v.. , .. ... ,k. t ' :t i . y ; k FOR ALL OCCASIONS ."Din.'Ei,:r: DAY PHONE 8"8 viv4 Hertford, N. C. ' AGENT TC ' r no cr the Home Place ' of ,W. E. Reid, de ceased, ' , - Second v Tract: Bounded on the North and south by John B. Riddick lands, and on the east and west bv lands of T. J. Nixon estate, contain uig in acres more or less, and known as tne luiox iract - t ; The above described land is sold EDENTON, N..C.,. ' Teday; (Thursday) and Friday, March $1 z April 1 - j f rpValter Huston, Jaincs Stewart, Beulah t :Bmiikiffim':Mn& Ann Ruthcrfotd in NEWS Saturday, April 2 Bob Steele in TOOLED TO EF ZORRO RIDES AGAIN NO. OWL SHOW Beverly Roberts and Dick Purcell in THE DAREDEVIL OMRS" : Monday, April 4-i Edward G. Robinson and Jane Bryan in tSUfillT CASE of -oesBr ALSO "Husbands Are Good For Something" An $8956 COOLERATOR FREE to Some Lucky Penan Attending the Theatre en This Date Matinee or Night DRAWING 'AT 9 P. M. ON STAGE Taeaday, April 5 A SweU Show i Claudette Colbert and Gary Cooper in , "DLUEOEARD'S EIGHTH ViFE" ACT Wednesday, April 6 Dolores Del Rio and 1!ITE(ilAT10;iAL BANK Thursday and Friday, April 7-8 CHARLIE McCARTHT and THE RETZ BROTHERS in "THE GOLDWYN FOULIES" . NIGHT Tl,: subject to all indebtedness t.er. .n up to the time of "this deed of trxmt, and subject to all taxes thereon. Dated-and posted this March 9th, - 1 1838. f f f -,t s: W. WARD, Mar.U,185pr.l 4 Trustee. I THE BEST ENTERTAINMENT THE BEST ENTERTAINMENT CARTOON OUR GANG COMEDY AT 11:15 P. M. NEWS George Sanders in SETDEEtlf NIGHT v 1 .. ' f.
The Perquimans Weekly (Hertford, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 1, 1938, edition 1
6
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75